RBI Cuts Repo Rate by 25 Basis Points, GDP Outlook for 2019-20 Lowered |
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RBI cuts repo rate by 25 basis points, from 5.40% to 5.15%. Reverse repo rate adjusted to 4.90% and bank rate at 5.40 %, accordingly. GDP outlook for 2019-20 is revised to 6.1%, from 6.9%.
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